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these are sad statistics from the government accountability office. no money for defense, nothing for education, food, safety, veterans, the whole shebang. it's basically in your own personal economy like spending every cent you earn on your mortgage and nothing else. no food,clothes, no car, you get the picture, right. the 20-year prediction is even more mind blowing. the big four is set to consume $1.21 for every $1 that you pay in in taxes, which brings us back to the cliff, the fiscal cliff, and how lawmakers can fix this very expensive problem. terry savage is the nationally syndicated financial columnist for the "chicago sun-times." terry, it's good of you to join us today. i think my first question is, with most households we think, spend less, try to earn more and we'll fix our problem. and that's essentially what the fiscal cliff is, but it's just too much of these solutions that the fiscal cliff presents, how am i going to word that? it's too much austerity and it is too much tax increases at least, for the budget, or the for the economy to
these are sad statistics from the government accountability office. no money for defense, nothing for education, food, safety, veterans, the whole shebang. it's basically in your own personal economy like spending every cent you earn on your mortgage and nothing else. no food,clothes, no car, you get the picture, right. the 20-year prediction is even more mind blowing. the big four is set to consume $1.21 for every $1 that you pay in in taxes, which brings us back to the cliff, the fiscal...
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Dec 10, 2012
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only the government, assad's administration has sent a couple of letters to the u.n. suggesting this is all a big plot by the u.s. to get those weapons into the hands of opposition members and then blame the syrians. does this seem logical or like a reach? >> i think it's part of a strategy that the assad regime has decided upon, which is that america is the cause of this. that there is an internal group of terrorists supported by the united states and saudi arabia, so this is part of what the syrians are doing. it's a last ditch effort. i don't think anyone in syria believes it. there's zero chance that the united states is doipg anything like this. it's always clear it's a reaction to president obama's very tough warning to the syrians. that they shouldn't even think about using chemical weapons. >> i'm curious only because there is this report now that united states is employed military contractors on the ground. i think in turkey and jordan, but also inside syria, to help opposition members. should they get their hands on some of these chemical weapons to a, secur
only the government, assad's administration has sent a couple of letters to the u.n. suggesting this is all a big plot by the u.s. to get those weapons into the hands of opposition members and then blame the syrians. does this seem logical or like a reach? >> i think it's part of a strategy that the assad regime has decided upon, which is that america is the cause of this. that there is an internal group of terrorists supported by the united states and saudi arabia, so this is part of...
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Dec 10, 2012
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government to the tune of $180 billion. four years on, still paying back the money by selling off assets including the aircraft leasing unit that complemented aig's airplane insurance business. if u.s. regulators apro s appro deal, it will be one of the largest ever by chinese investors. china's state owned oil giant c-nook swooped in to acquire nexen for a cool $15 billion. note to the obama administration, it is not happening in a bubble. last year you'll recall the obama administration put off a decision on the excel pipeline, an extension of a pipeline that would connect the oil in alberta to the gulf of mexico and international markets. the democrats killed it because of concerns from environmentalists. the proposed route crossed the aquifer in nebraska and white house and state department officials could have just insisted on rerouting the pipe, but they didn't. a bad move, one that was highly thought to play to the president's base. now that the elections are over, a review of a new route will begin sometime next yea
government to the tune of $180 billion. four years on, still paying back the money by selling off assets including the aircraft leasing unit that complemented aig's airplane insurance business. if u.s. regulators apro s appro deal, it will be one of the largest ever by chinese investors. china's state owned oil giant c-nook swooped in to acquire nexen for a cool $15 billion. note to the obama administration, it is not happening in a bubble. last year you'll recall the obama administration put...
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very conservative, anti-tax, anti-government purists in the mold of jim demint. however, he also backed in republican primaries a number of republican candidates who simply were not electable according to the republican establishment and the establishment was right. for example, remember christine o'donnell, i'm not a witch, from delaware. ken buck of colorado. and others. so those are some of the reasons why he definitely has ruffled many a-feather with the party leaders and i have to tell you first thing i saw when the senate republican leader mitch mcconnell released a statement today was making the point that demint had, quote, uncompromising service. didn't have to read between the lines too much to see there's a backhanded compliment. >> dana, what about bigger picture here and talking about the republican party aenl just talking about folks like ryan and rubio, let's say, part of maybe the next generation republicans. do you think that demint's brand of republicanism is falling out of favor with sort of the newer version of what the republican party is try
very conservative, anti-tax, anti-government purists in the mold of jim demint. however, he also backed in republican primaries a number of republican candidates who simply were not electable according to the republican establishment and the establishment was right. for example, remember christine o'donnell, i'm not a witch, from delaware. ken buck of colorado. and others. so those are some of the reasons why he definitely has ruffled many a-feather with the party leaders and i have to tell you...
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. >> how do you get a government loan to go back to school? >> this is a big question because through the government it is going to be more affordable than private student loans but a lot of people are worried about accessing that money. >> right. this is actually a good time to start thinking about it. january 1st kicks off fast this season. and that stands for the free application for federal student aid. if you want a loan or grant or scholarship of any kind for college, you must fill out the f fafsa. you can estimate your income figures, do it immediately. there are loans out there. there is the federal stafford loan, one of the most commonly granted loans for people who want to go back to college. depending on income, she might qualify for free money, like the pell grant. >> the money into pell grant is increased under the obama administration. >> that could change, but it is important you do this as early as possible there m. there may be programs through the school, and they're on a first come first served basis. so the earlier you get
. >> how do you get a government loan to go back to school? >> this is a big question because through the government it is going to be more affordable than private student loans but a lot of people are worried about accessing that money. >> right. this is actually a good time to start thinking about it. january 1st kicks off fast this season. and that stands for the free application for federal student aid. if you want a loan or grant or scholarship of any kind for college,...
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Dec 11, 2012
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government. the payment is part of a settlement that resolves hsbc of accusations of money laundering for mexican drug cartels and terror-linked groups in saudi arabia. >>> and you might want to tuprn to google for the next time you're looking for tips for legally saving money on your taxes. according to bloomberg news, the world's second largest search engine saved $2 billion in taxes worldwide by shifting billions of dollars into tax shelters in bermuda. maribel is live at the nasdaq market site. maribel, this is most of google's pre-tax earrings that they were able to shelter. >> hi, ted, you're right there. it's about 80% of google's pre-tax profits last year. we've heard some of this before. and here's the thing, ted. it is legal. but bloomberg is now attaching some specific dollar figures to this. first off, why bermuda? that country doesn't have corporate income taxes. it's a big savings for google. and as you can imagine, the uproar over this is growing. last week, a uk parliamentary comm
government. the payment is part of a settlement that resolves hsbc of accusations of money laundering for mexican drug cartels and terror-linked groups in saudi arabia. >>> and you might want to tuprn to google for the next time you're looking for tips for legally saving money on your taxes. according to bloomberg news, the world's second largest search engine saved $2 billion in taxes worldwide by shifting billions of dollars into tax shelters in bermuda. maribel is live at the nasdaq...
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when the government turned him down, he suddenly fell ill and was rushed to hospital. doctors diagnosed the 67-year-old as suffering from stress and returned him to detention. while his attorney says that at least for now he's been able to stop mcafee's deportation back to belize, where police are still waiting to question him. so a judge has given you a stay? >> yes, yes. >> reporter: just what comes next in this murder turned soap opera, no one can say. mcafee's saga shares something in common with the software he created, staying current requires constant updates. >> and martin joins us now from guatemala city. martin, were you able to ask him about now? i heard now he wants to return to the u.s. >> reporter: that's right, ted, yeah. he held that very bizarre kind of news conference over the internet last night. it was the classic, you can put me in jail, but my news will break out. it shows he's still the master when it comes to self-promotion. since he had this news conference, he allowed us to e-mail questions, and i asked him that very thing. would he consider g
when the government turned him down, he suddenly fell ill and was rushed to hospital. doctors diagnosed the 67-year-old as suffering from stress and returned him to detention. while his attorney says that at least for now he's been able to stop mcafee's deportation back to belize, where police are still waiting to question him. so a judge has given you a stay? >> yes, yes. >> reporter: just what comes next in this murder turned soap opera, no one can say. mcafee's saga shares...